Worth Asset Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,761 shares of the exchange traded fund’s stock after selling 139 shares during the quarter. Worth Asset Management LLC’s holdings in Invesco QQQ were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in QQQ. Moneta Group Investment Advisors LLC raised its stake in shares of Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares during the period. Morgan Stanley grew its position in shares of Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares in the last quarter. Kensington Asset Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth about $342,079,000. Money Concepts Capital Corp grew its position in shares of Invesco QQQ by 971.1% during the first quarter. Money Concepts Capital Corp now owns 951,023 shares of the exchange traded fund’s stock worth $10,353,000 after purchasing an additional 862,236 shares in the last quarter. Finally, Natixis purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $228,207,000. Institutional investors own 43.95% of the company’s stock.
Invesco QQQ Trading Down 0.5 %
NASDAQ:QQQ opened at $369.08 on Monday. Invesco QQQ has a 12-month low of $254.26 and a 12-month high of $387.98. The stock has a 50-day moving average price of $373.20 and a 200 day moving average price of $348.47.
Invesco QQQ Company Profile
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
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